The Liz Truss interview: 'I didn't get everything right' | Spectator TV
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- เผยแพร่เมื่อ 20 พ.ค. 2024
- What went wrong for Liz Truss? In her first interview since leaving 10 Downing Street, she talks to Spectator TV about her leadership election, her 49-day premiership and her plans for the future. Truss admits to some mistakes, says her premiership was probably doomed after she fired her chancellor Kwasi Kwarteng, and says Whitehall orthodoxy stopped her from doing what she wanted.
// THE INTERVIEW
00:00 - Introduction
02:25 - Were you unprepared?
05:05 - 'My mandate was not respected'
13:40 - Do you regret sacking Tom Scholar?
18:25 - 'I didn't know about the existence of LDIs'
22:00 - 'I didn't get everything right'
28:20 - The 45p rate cut
33:45 - Sacking Kwasi Kwarteng
41:10 - Making the case for low tax and growth
44:00 - On mortgage rates
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Fair to say she hasn't lost any of her scintillating charisma
Though Jim Henson's workshop has definitely lost one of its muppets.
Ha. Very good.
If she was man, this would be a non-issue
She sounds like she hasn't prepared for some of the obvious questions
Hirohito's statement that the war has turned out "not necessarily to Japan's advantage" is now the second biggest understatement in history.
Pearl Harbor would definitely be a good analogy for what she and Kami-Kwasi did to the financial markets. 💣💥
As a (Dutch) historian your line brought a huge smile on my face.
Except Hirohito was forced into war by a military out of control, Truss done everything herself
What’s the matter brother. You like paying high taxes ??
Actually, eventually, Japan might have turned out _better off_ because of that war...
I think the most shocking thing about her performance in this interview is that she has had months to come up with answers and explanations and this is the best she could do. No Apology or any awareness of her own failures instead acting as if she was a victim of unforseen events even though they were events she was warned would happen and ignored.
So, you think we should have every tax you can possibly think of raised, stifling the economy growing, and investment.
Pushing those on the edge even further during the cost of living crisis.
Giving no incentive to work if you're unemployed..... Because thats what we've got now!
@@andrewcheadle948 Increasing taxes by a couple of a hundred quid a year compared to increasing interest payments by several thousand a year and increasing the cost of imports - which do you think is worse for the economy. Also to do it in a slapdash manner which spooks the markets, and immediately after a massively expensive energy subsidy policy. BTW the economy has been stifled since 2008, and there is no incentive to work because even if you work 40 hours a week you are still living in poverty.
@@andrewcheadle948 What a complete non sequitur. Did you just leave that reply on a random comment? It's possible to want a low tax economy and still think Truss was an absolute disaster whose complete economic illiteracy has put that cause back years. Her lack of contrition and self reflection is astounding; it is suggestive of true ignorance.
@@lutherblissett9070 taxes have been increased by more than a couple of hundred quid a year haven't they!
Every tax you can think of has been raised by Hunt.
In a cost of living crisis!. Let tgat sink in!
People living oay check to pay check are going to fall through the cracks.
What will the cost of that be?
You think Hunt and Sunaks high tax, big state strategy is going to help those at the bottom... Think again. They despise those at the bottom.
@@brundelfly1 yeah right, so what she tried to implement wobbled the markets, and as if by magic, the two biggest socialists that tge tories have in their party, take the reins!
What an amazing coincidence!
The snake Sunak that none of the members wanted as "leader", and the perma smirking A-hole Hunt, who has failed at every job in office he's ever had!
You sure you want to go along with that view that she was a failure, because I sure as hell think the pair in office now can do a far better job of wrecking the economy than she can!
this interview felt like it lasted longer than her premiership!
She's as wooden as a plank, only now she takes long pauses before answering questions
It's an attempt to re-write history
I'm listening to it at double speed. And I don't think I'll make it through to the end. Before this interview, people had doubts about whether Liz Truss was ever really qualified to be the prime minister. With this interview, Liz Truss seems determined to... well... clear up all doubts. "We didn't understand." "We didn't know." "I did not know about." "He wasn't informed either." "I didn't realise". Incredible! This is an utter trainwreck.
Brilliant, not the interview, your remark.
Why is it so impossible to listen to her voice?!? It seems to run on and on and on. I simply cannot listen anymore than 4 minutes and that was torture.
This really is painful to watch. Not sure who told her to come out from the hole she dug herself in
Did she come out, or just stood in it digging it deeper? 😳
There is a big difference between lessons learnt and lessons identified, I don't think she has learnt anything yet.
Narcissists rarely learn anything
Good point. Though it's worth noting that noone else is learning the lessons she identified
It seems like she's spent the 3 months trying to master the formation of coherent sentences. Honestly, even if you were inclined to agree with her policies, her opponents couldn't have wished for a less competent communicator with less of a grip on the facts. It's truly disturbing that she was as popular among membership.
You're forgetting Bojo's speech where he asked the audience if they'd been to Peppa Pig World also May's skipping to an Abba Record in front of an audience.
I don’t think she was that popular within the membership. They only preferred her to Sunak. The membership are thick in general, that we can see - due to them still believing that Boris Johnson was actually a good and effective PM. They fell for the usual dog whistle baseless crap again with Truss. Prats.
Well TBF the membership are as stupid as her
@@filmneek That might have been the case were it not for the reports (from The Spectator) of queues out of the door to hear her speak at multiple Party Conferences. That was years before the leadership race. Even if you like low tax libertarianism, she's never been anything but a transparently incompetent and ill informed charisma vacuum; I find her popularity baffling.
@@brundelfly1 I agree, I think she is utterly awful.
I threw Kwasi under the bus hoping I’d save my skin even though I agreed with all the same policies.
This is confirmed here as being totally inexplicable. Still, it didn't take long for her to go after Kwasi went.
And still want him to think of me as a friend and good person
@@OrwellsHousecat I reckon Liz Truss spends her evenings drinking wine while listening to Don't Speak by No Doubt.
It is simply unfathomable that any PM would be quite so ignorant about the role of major institutions such as the Bank of England, the Treasury, Office for Budgetary Responsibility (OBR), the markets and their workings. She admits this publically with the cavet that it is everybody
else's fault - she even says that the massive hike in common family mortgages had nothing to do with her dreadful budget - she remains divorced from reality.
It is you that is divorced from economics. The mortgage rate increases were on the cards no matter what she did.
I really don't think you understand what happened at all. LDIs were 95% of the problem. If you are serious about learning about this, I can send you an explanation.
@@MrAmbrosse Are you really Cuck O'Leary, Truss's devoted doormat of a husband?
@Mark Graham Please do.
Scary to think that she was chief secretary to the treasury for 2 years making decisions whilst lacking basic knowledge about how the markets work
When she says everything she really means anything
she is so cats eyes she has gone cross eyed. How?
Thank you. I agree.
The journalists look stunned. She is like a bad dream that came back.
what gets me is how these far left bankers all end up standing as tory mps
@@jeremysmith8035 beliefs are fungible in the pursuit of power. £115k allowance a year for life is nice work if you can get it. So: Her, Johnson, Cameron, Blair, Major, Brown, May - £805,000 a year, *every* year. Insane. They need to get on their bike and find a job. Socialism seems to very much apply to our leaders.
@@jeremysmith8035 I couldn't believe when she accused bankers of being woke lefties. That is the most rediculous thing I've ever heard. I've had the misfortune of meeting several bankers and lefty is not the word I'd use to describe them
@@jeremysmith8035 Like red Tories in the Labour Party it is easy to be confused and end up in the wrong place. This must be the explanation.
And these are the journalists and right wing media that cheered her on at the time
Next on Spectator tv. Captain of the Titanic interview: 'I didn't get everything right
If Liz was appointed President of Ukraine, Putin would win the war in a week.
Haha! You made my day
@@interekweb I can’t take credit as my mate sent it to me but it seemed to sum up this ridiculous affair
The Spacktater would support the iceberg if it was wearing a blue rosette.
She was in the government for 10 years, and in the next breath says she didn’t have communications, or anything else set up properly, so why on earth did she put herself up for the job?
Fraser & Katie’s expression fluctuates from deer in the headlight to trying to stop pissing themselves laughing.
"lettuce" 🥬🧈
Fraser's normal face gives one an impression of a repressed laughter
'There were things that didn't go well'. In other news: water is wet.
“And is this ‘left-wing economic establishment’ in the room with us right now?”
We need to talk about politics beyond the old Left v Right paradigm.
She got kicked out by international finance capitalism and The City of London.
yes, he is in the filing cabinet
@@evolassunglasses4673 Makes no sense. Truss is extremely pro-enterprise. Do you really think that HSBC and JP Morgan are opposed to tax cuts and deregulation?
@@samuelturner1668 Yes, oh my god yes, big business can make a case for regulation and high taxes: it eliminates the potential competition
@@whatacruelchoice then why are the big banks massive donors to the Conservative Party. If you were right then all the banks would be supporting Labour.
As far as I can tell, both Fraser Nelson and Katy Balls share a similar economic and political philosophy to Mrs Truss, but both seem aghast that after nearly 4 months prepping, this is the best she can come up with.
The questions were obviously agreed in advance and are incredibly soft, with no difficult follow up questions and even then, under the best possible circumstances, Mrs Truss still appears confused, unprepared and frankly ignorant of the facts. Astonishing.
Completely shocking... The usually outspoken interviewers seemed scared to say the wrong thing.
Hence why she refused to be interviewed by Andrew Neil during leadership contest….He’d of torn her another hole 😂
You are probably underestimating her situation and the impact it has had on her. She has suffered a monumental and historical humiliation in one of histories great democracies. There is every chance that in 300 years time when the pub quiz asks who was Britains shortest serving PM that her name will be the answer... and she knows this. She went from the highest high to the lowest low in less than a 100 days. I don't think she will ever recover. Let alone be able to put her mind in enough order to articulate what has happened to her.
@@richardhorrocks1460 lol when you put it like that it really shows how crazy this all is lol
What did you want her to say?
She told you what her plan was, and we all knew what it was, as she ran on that agenda, and got voted in by the membership on that agenda. And she told you where implementing her strategy, went wrong, including any flaws she thought she had made, in retrospect
So not sure what you're going on about?
What is she on about.
I am fairly certain she is on LSD.
The presenters faces😂 , I heard they died after the interview 😖, S means Suicide 😆😁😄
She has been claiming she didnt get a chance to have a proper go at it. Well if that wasnt a proper go then, i dread to think the damage she would have done longer term.
Nice to see The Thick Of It back on our screens even if some of the plot lines in this episode were somewhat outlandish and unbelievable
👍🏽👍🏽👍🏽
'I had to do everything straight away. The Queen died. I was born at the wrong time'.
The comeback nobody is asking for, and nobody wants
she would be better than the people we have now people who we never asked for and were forced on us.OH yes and who lost the popular vote .
Id welcome her back. At least she was democratically elected
@@rmmj7james293 nah
@@rmmj7james293 prime ministers aren’t elected
Democratic would involve a GE, not whoever pays for party membership (which literally included a tortoise).
Katy Balls and Fraser Nelson looking like a worried niece and nephew that their unstable auntie has finally lost the plot 😬
"I don't agree with the premise of your question" 😂
Shamelessness is a Super Power.
She is the world's worst communicator.
Yes, this exact word was on my mind during the entire interview.
A lack of self-awareness rarely seen outside of a clinical environment…..
You could always readmit yourself
The lack of IQ in Tard Neil amuses one's self.
She is certifiable. Absolutely bonkers. Ego the size of a planet, intelligence of plant pot.
@@deanedge5988 Still, at least she’s still got you - creeping round the internet trying to do her PR for her. I’m sure she’s thrilled about that…..
@@Norcha8 weird guy
So, in less than ten minutes into this interview, it’s clear to me Liz Truss still does not have a clue as to why she failed. Blaming the OBR for her failings is just sad. Let’s just remember it was this conservative government which formed this “independent” department in 2010.
She dismissed help from the OBR before pressing the button & making Britain look like the laughing stock it is.
A very different type of conservative chancellor created the OBR. He didn't insist that the govt help "create" the forecasts- stopping that is the purpose of the OBR.
She still thinks that you can have a big spending state, cut taxes, and save money overall, and I don't think this adds up.
@@laxeystu8096end result is quangos running the country, but that's the state of the sham democracies of the modern west
Commie wet dream
How correct you are Sir, insanity at its highest.
"I don't agree with the premise of your question".
She saved it for the end!
As disastrous now as before.
Cameron, May, Johnson and Truss all have had disastrous Premiership’s it’s difficult to pick out who is the worst.
Johnson, easily. Squandered a solid majority on silly green nonsense, spineless in the face of important cultural issues and spineless in face of lockdown fanatics. He had the strongest position and managed to perform so badly that it's difficult to fathom how he did it.
Truss' interview reminds me of the Black Adder episode where Edmund commissions the sea captain and asks if he needs a crew. His answer is "opinion is divided on this one. Every other sea captain says you need a crew, I say you don't."
🤣🤣🤣
NOW!! How much for a gud hard SHAG??
🤣🤣🤣🤣
right ol percy 😅
You have a woman's mini-Budget, my Lord!
Who chose Jeremy Hunt? She or the BoE governor? Why would she choose Jeremy of all people!!!
Because he had some credibility with the markets and wasn't an ideologue or brexiteer .
Britains stability was hit hard by Brexit and we got taken over by the lunatic fringe.
I would never appoint a brexiteer to anything important. The financial markets know the score
Of course she didn’t choose him
Why would she choose him, he's about as big a socialist you can get within the tory party.
She was trying to implement the opposite.
Jeremy Hunt is from a different faction of the Conservative party. he is the man who supported China's policies throughout lockdown, failed to implement NHS reform or epidemic planning. there is no way he was her choice.
Liz, if she had any sense.. would just go keep her head down and shut up, for her own sake and everyone else's. But no.
She's trying to put across the impression she's learned from the mistakes made yet, it's pretty clear she hasn't. Seems an awful lot she was unaware of, but did she even ask the questions to do due diligence
If she'd asked the questions she probably wouldn't have got straight answers.
In case anything missed it she effectively said that our pensions (long term economy) are bankrupt and they kick the can down the road rather than deal with it. And that gov doesn't have a free hand in choosing direction of the country, which means that we don't live in a democratic country (those we vote for cannot do our will) and that the trajectory of the country is certain terminal decline of a socialist flavour.
Almost as sycophantic as Dorries/Johnson.
Some tougher questions would have been
1. What was the process of appointing Hunt as Chancellor, the exact opposite of herself economically.
2. If she had modelled the economic impact through OBR, they would have factored the LDI impact.
3. The LDI factor surely makes loosening of investment restrictions that are currently being pushed through a high risk strategy also.
4. Why didn't she shake Sunaks hand?
Why do you think the OBR would have modelled the LDI - no one else had? LDI should never have been allowed, they were allowed under Labour via the pensions regulator they created, Politicians would have had no clue as to the risks of such an arcane system. Even the BoE seemed barely aware of them until the crisis blew up.
The fundamental flaw in her policy was to try massive tax cuts funded by borrowing, she obsessed over the need for tax cuts as an engine of growth and ignored inflation, did not engage in supply side reforms not think ahead beyond the next sound bite. She showed when Foreign Secretary an inability to think on her feet. She has shown numerous times that she is inarticulate except in carefully prepared set speeches.
The Telegraph and the Spectator…..Lizzie’s safe spaces !!
The Beano did not want to poison its brand with interviewing this loser.
Yet you watch so pipe down
@@timcomley5948 Of course I did. It is car crash TV, with gammon all over the road.
@@timcomley5948 cretin
@@timcomley5948 No other interviews are available, to be fair.... Truss wouldn't dare face a proper grilling.
With the orthodoxies of the Bank of England and markets, OBR, Whitehall, IMF etc. how on earth is a government with these types of policies ever going to be able to implement them. ??
What exactly did these institutions do that made these policies fail?
@@PlatformNo14 I think Liz said 'system resistance'
And I guess the "system" position has been strengthened by the policies of lockdown. The increase in national debt has made our country more vulnerable to outside influence. Please correct me if I am wrong, but globalism seems undeterred in its "wisdom". By following the trend, we have lost our own way.
You failed because you proposed massive unfunded tax cuts, insisted spending would remain as it was, ignored the OBR and all the warnings of what would happen which were correct and forced monetary and fiscal policy to fight one another. In short - deep ignorance and arrogance. The fact this woman has the brass neck to speak again in public is an utter disgrace.
How much did she reduce tax by?
@@andrewcheadle948 Considering she wasn't allowed to - none. She did, however, propose to abolish the 45p rate with no funding whatsoever. Does that answer your snide question? Okay then
@@darrengray5045 how is my question snide?
It may be seen as snide if you're paranoid!
Ah right, so not that massive then.
You were obviously embellishing it, for effect.
That's ok,that's answered my question thanks.
@@andrewcheadle948 You know very well you were being snide and that she did indeed fail for the reasons I have stated. Sit down lad
@@darrengray5045 point out exactly how I was being snide with my question of "how much did she reduce tax by"
If you think that's snide, then you need go see a psychiatrist!
Yeah she failed for the very reasons you stated, as you're always right about everything, no doubt.
Now that's snide!
😉
liz if a bus driver on first day crashes the bus, he is not given the chance to bus drive again for a reason
She's saying that the bus has broken brakes, the suspension is knackered and if you turn the steering wheel to the right (growth agenda) then all the passengers attack her. She only found out when she tried to turn right.
@@OrwellsHousecat always some one elses fault
@@peterhagan8454 no man is an island
To paraphrase: 'The Conservative and Unionist Party, does not actually believe in economic conservative policies anymore'
Is it actually conservative in any way anymore?
lizz truss ran ancap policies, the tory party doesn't support ancap policies, the fact that someone who quite so blatantly unhinged became pm without an election is really the problem
@@jeremysmith8035ancap would be to return to the gold standard and cancel central banking
Sadly she's nowhere near that extreme
@@jeremysmith8035 ancap lol. That's a stretch.
Not at all.
Paid £50k to talk for an hour about how she shafted us. Incredible.
But she'll only trouser £30K of that...surely?
You seem to lack the basic economic understanding that LOWER taxes mean HIGHER wages. A magnificently simple equation that the nation seems unable to grasp
@@Minnienotamouse1 She was only lowering taxes for the very highest earners. She had no intention of doing anything to benefit the majority of British people.
Why is it that in countries with higher taxes, wages are often higher? The UK already has relatively low taxes and relatively low wages
@@Minnienotamouse1 and why exactly , in the age of a cost of living crisis and increasing gap between rich and poor , would it be a good thing for the country to increase the wages of the people who already are paid more than average ?
"We didn't see it coming" but everyone else told you liz including rishi
If one doesn’t give up in the first ten minutes it is actually a really interesting interview
Agreed! 👍
Lights are on....but the hamster is dead...
Truss has one theory in her brain: cutting tax = creating growth. No evidence for this, but she’s sticking to it!
There are countries with higher tax and higher growth. So either it's not that, or it's not _just_ that.
Really disappointing with the 'holding accountability' from the reporters, especially Katy Balls, I always thought she's been quite fair, but in this interview there's no hard questions. I know Spectator is a right leaning paper, but reporting the truth and holding politicians to account, before, during and after their career should out-weigh political agendas. For example, Truss blames the 'government and economic system' for her downfall, but the two interviewers could have raised the point that Rishi and others predicted this outcome, and Liz NEVER listened. Also, the sacking of Kwasi Kwarteng, just ask the question "So you were using him as a scape goat?". As Liz said, she needed to look like she was doing something different to avoid an economic crash, so she sacked Kwasi, even though they agreed on most things. Terrible woman, deluded and unapologetic for the stress and difficulties she caused to so many. I would have been on the brink of depression knowing I destroyed so many lives. Missed opportunity from Fraser Nelson & Katy Balls.
They could of pressed her on Ukraine. Israeli intelligence figures puts Ukraine killed in action 157,000 Russia 18,000
I agree - very disappointed in both interviewers, but this was probably Truss's condition for the right to host the interview - the "toothless", pre-arranged questions. 😢
Intentionally missed, they're bath rabid extreme right nutters.
I disagree. You don't need to have a combative interviewer or tough questions when Truss's low-intelligence wibble and lack of self-reflection is damning enough.
This kind of feels like a therapy session where the shrinks are trying to gently suggest the patient is not in fact a reincarnation of Napoleon Bonaparte
If you set playback to 1.25 she speaks at a normal pace.
Does what she's saying still sound insane, though?
It's standard-paced dribble now. Thanks
how the heck did she get to be PM ?
You werent free that weekend
Or even into politics , she’s a toilet cleaner at best
@@orange1666 At last a professional opinion based on experience
Westminster is a pantomime. This crisis has shown the real POWER is with international finance capitalism.
@@deanedge5988 what a weird guy
She knew all this about the OBR when developing policy with Kwasi. I don't believe they could have underestimated the fight they'd have with the orthodoxy. They decided to go ahead and then caved!
She believed winning the vote should have been more respected - and she’s right
Making promises (against a lot of economic advice at the time) in order for less than 100k party members to vote her in somehow entitles her to compliant forecasts from the OBR? She's resigned low tax, small Government to the dustbin for at least a couple of decades and there is only her sheer incompetence to blame for that.
@@mogznwaz she was part of the government that introduced the OBR though, back when they were using it as a stick to beat Labour with, to ensure nobody could ever do so much damage to the economy again. She didn't seem to have a problem with the idea that it would curb the excesses of a democratically elected Labour government in the future. She wasn't even elected in a GE yet has a problem with the power of the OBR. Total hypocrite.
Big Cuck Vibes.
Sad.
@@JoshWinibergbut labour didn’t damage the economy. The sub prime mortgage scam nearly ended capitalism as we know it. The labour government had no choice but to bail out the banks with £3 trillion of tax payers money. They like that kind of socialism. The poor bailing out the rich. Or we’d all be living in tents eating out of date cat food.
Luckily the Chinese bought ALL US government debt. Not out of the kindness of their hearts. They knew that western governments would then adopt record low interest rates to encourage consumer borrowing and spending. And western consumers continued to buy Chinese exports. The Chinese outplayed the capitalists at capitalism.
I don’t know how the Tories STILL get away with blaming labour for a huge American based mortgage fraud. Although one of the biggest banks in Europe,Deutsche Bank,were heavily involved. Just so happens Sajid Javid was a major figure at Deutsche Bank during the sub prime mortgage fraud
There's "not getting everything right", and there's "getting nothing right"
She was Chief Secretary to the Treasury from June 2017 until July 2019, yet she did not know about LDIs and their role in the economy.
yeah, even as the staunch Truss supporter that I am, it sounds more as if she knew about them, but didn't know the extent to which they can mess things up.
The Labour Party cannot believe their luck that this outpatient still has people willing to entertain her.
No ones voting for racist, Britain hating, pro child mutilation, anti women's rights Labour. I should coco
This has shown us all the real POWER is with international finance capitalism and The City of London
I cackled.
🤣🤣🤣
We’re is the men in the white coats when you need them she needs help
So Liz Truss was unaware of LDI’s - what was she doing when chief secretary to the Treasury?
Based on this interview, I believe Liz Truss' answer to your question would be: "I don't know." I'm not a heavy drinker, but if someone turned this video into a drinking game, where everyone takes a drink whenever Liz Truss confesses ignorance or lack of understanding... oh, my.
She didn't know that our pensions are bankrupt
Maybe Kwasi should have known - or the guv at BoE. Only the markets seem to have understood. Everyone else was playing catch-up.
It's a shame she has to carry on pretending sacking Kwasi Kwarteng was her own decision. Also 'the markets'... as if there weren't significant institutions, organisations and individuals who bring their influence to bear.
Some really great questions. I can tell Liz was taken totally unaware by all of them and they were all unexpected
Just like every event on every day on her fortunately brief premiership.
@@baltasarnoreno5973 😂
Not just naïve but also intellectually incoherent. Car crash stuff. At least she said she doesn't want another go at being PM. Phew!
No contrition. Not an apology in sight. A Poundland PM totally out of her depth.
She should stay in hiding after nearly toppling the pensions industry and tripling our mortgage rates.
Mortgage rates need to go up a lot more to reach the level they should be at. A _lot_ more.
@@jwadaow So it's a good thing that during this extremely high cost of living that home owners have to pay hundreds of pounds a month extra for nothing?
Ahahahahahahahhah oh my god please stop
All the charisma of John Major's slippers.
And about the brainpower as well.
@@guydreamr I had to intersperse 5 minute segments with TH-cam clips of circuses, just to remind myself there is colour in the world
Utterly deluded. Complete failure as politician. Too glaikit to see her own failings.
Blaming orthodoxy but having no clue how not up to the job she was.
I love Fraser’s face at some of these answers
Why? He's not particularly bright, so why would you care how he reacts to the answers?
It’s frightening how far these AI and CGI deepfakes have become - this robot seems eerily convincing and almost human but the lack of coherent sentence structure or intellect let’s it down. However a bit of reprogramming and in a few years and surely most people couldn’t tell
This interview was as in-depth as a pug's piddle puddle on a pavement...but then so is Liz Truss's intellect.
The alliteration of this comment alone is amazing.
In all fairness, she has managed to turn her narrative round. She’s gone from being deluded and out of touch, to being out of touch and deluded.
Bum bum
Hear-hear.
Oh 😅 8:34 😊t 8:36 😊tty
Journalist: How are you doing today?
Liz: .... energy bills, we delivered on it.
Journalist: Should have thought carefully about the tax cut?
Liz: energy bills
She wants to be part of “creating a strong intellectual base”😂 I guess the interviewers had to stifle a snort? There is surely no way back to anything other than comedy for this one.
She refused to do a wind-fall tax like every sensible government in sight. She doesn't even deserve the time of day.
The problems were caused by capping energy bills.
Did you see the energy reform bill? Hmmm thought not
Also did you know that Lower taxes is the same as higher wages
Shocking !!!
@@jwadaow No, the problems were caused by the mini budget. But please, continue to drink the kool aid.
Ha ha ! I didn't get everything right, she didn't get anything right 🤣
After the market chaos she created she is entitled to claim £115,000/ year in expenses for the rest of her life!
they are not laughing with you liz
She wants to “be part of creating a strong intellectual base” 😂 Good interviewers for letting her reveal her intellect I thought.
Truss kept denying that the reaction of the markets had anything to do with Kwarteng's statement in the House Of Commons.....despite the market reacting about 30 minutes afterwards. It is remarkable that someone who was so demonstrably out of their depth would attempt to make a 'come-back' only 100 days after blowing a hole in an economy, floundering in interviews about it and then careening onwards through their historically brief time as a PM.
You also seem oblivious to the fact that the DXY was surging and as a consequence ALL currencies wobbled because of the $ surge. It’s bad reporting that the UK press reported through their myopic lens and failed to report what was going on in global currency markets
I think the point is that a negative market reaction was inevitable due to the rise of the dollar, which was happening in different parts of the world. The mini-budget simply triggered it earlier mostly due to political opportunism by the markets. The shorting of the pound definitely wouldn't have been as strong without it though.
@@Minnienotamouse1 That does not explain why Truss relieved a senior civil servant of their role, failed to get the normal analysis of the budgetary measures and abjectly folded in interviews. If you cut taxes and don't show how debt will then be repaid or financed....
Blowing a hole in an economy! Wtf! Jelly Johnson and Sunak spaffed half a trillion up the wall during their cluster fuck lockdown strategy!
Now that's blowing a hole in an economy!
So the Treasury did not warn her about the disastrous consequences of her kamikaze Budget? Maybe not unconnected with having sacked the Chief Secretary to the Treasury on her first day in office. People tend not to dish out helpful advice when picking up their P45...
It’s a monologue, are they scared of her? Underlines the value of good journalism. What a wasted opportunity
This has shown both Left and Right that the real POWER is with international finance capitalism and the City of London.
supported by the OBR, IMF and Central Banks
When you rely on borrowing £billions to fund day to day spending, you cede power. The truth.
Crippled into immobility by our debt addiction, if you've got a few quid in the bank you're probably better off than HMG
@Barry Is this even a system worth preserving?
@@barry3012 nope, the issue is how you gonna payback what you borrow, she couldn’t explain, market took a £40billion dive.
Nelson & Balls looking perfectly flummoxed.
Obeying their orders.
Nah that's just her usual deer-in-headlights look.
I think some old fashioned canned laughter might have helped the quite outlandish and therefore comedic aspects of this performance.
American canned laughter 😂
Spectator did support her policy with rightwing think-tank.
Errrr, where? Not that there's anything wrong with that
"Do you regret sacking Tom Scholar?" No answer.
She said that her mandate wasn't respected. She had no mandate. Nor does Rishi. The Conservatives are in power because of Boris and his 2019 manifesto. They must work within the boundaries of the 2019 manifesto.
I have some respect for this view.
Becoming Prime Minister and winning a general election with a large majority are very different things and winning the general election is the greater achievement - I think most of the voting public would agree with that.
Again banging on about the energy package?!?
I looked up "Gaslighting" in the dictionary and it sent me here.
She says, and I quote, "I'm not saying I got everything right". It just beggars belief how delusional she is. It may take decades to fully recover from the reckless decisions she made during her Lettuce-life premiership.
Really? - Like what? - Can you explain Lee?
Recover from policies that weren’t enacted ?
I tell you what, it's a bloody good job that Lloyd George and Churchill didn't have the nightmares of LDI's and the OBR to deal with when they came to power!
They were living the dream. Only World Wars to contend with.
Remarkably historically aware and above all open minded commentators below the line here.
Open minded does NOT mindless, economically illiterate unwise and basically stupid.
She has about as much self awareness as a toaster
She states obvious facts about how government works as if she were revealing incredible secrets - I guess it’s because she just figured these things out on becoming PM.
George Osborne set up the OBR a conservative and she is critising that process.
Way too soon for an interview like this.
This is an absolute train wreck of an interview by Truss......and I loved it. Never take responsibility, never apologise.....no MORAL culpability.
It's in Tories' DNA
How is it an absolute train wreck. And what has she to apologise for?
@@olliebeak131 Exactly. Well said.
Wmn are allergic to accountability
She's an irrelevance.
Liz Truss is right about the economic orthodoxy of the last decade. We have a huge deficit and low growth, the best way to eliminate debt is growth, not high taxes or cuts. I just think that is achieved through demand side measures not Truss's supply side slash and burn.
Family mortgage went up 500 ta luv and please go..
This isn't a great look for the speccy, just sitting and listening to this drivel without pushing her on any of her answers
Agree, they are no Sir Robin Day.
LDI issue was contained the next day when the BoE stepped in and bought bonds. Lost her nerve when Kwasi was sacked. Not up to the pressure.
The Bank Of England had to step in before even more got wiped off of pensions. It was Truss's stupidity which triggered the interest rate rise which is costing home owners hundreds of pounds a month extra
As far as I know, Kwasi was sacked because they were retracting the policies, and a new chancellor is needed to calm the markets
The policies were retracted because of political pressure from within the party and also to calm the markets.
For a chancellors 'unforced policy error' to neccesitate BOE intervention is itself untenable afaik.
By this point, the policy is at an end - she held her nerve ok but there was nowhere to carry on with the markets and the party revolting, and in the end scorn from the public and media.
@@stevec6427 Nonsense, it was the US fed raising interest rates and then the Bank Of England failing to either predict it or follow up with comparable rises that caused that problem. Ideally, interest rates should have been raised much sooner. Additionally, QE, as one of the prime causes of inflation, should have ceased long before.
@@danielearley5062 QE is inflation, rather than a cause of it, but with better branding to make it sound positive.
@@miniwizard true, the huge amount of QE was behind a lot of inflation, that and huge government borrowing alongside extremely low interest rates. I remember watching Milton Friedman provide a very simple explanation about it. It was QE, rather than Liz Truss, hat was to blame for it. As it was, she became a very easy scapegoat.
How can politicians talk for so long and actually say nothing.
Anyone wouild think she had just walked into to goverment. Ten years including a significant time in the Treasury and never heard of LDI's
The Conservative government have been the 'Big Government' for thirteen years. There has been ample opportunity to reduce it.
If you lack the ability to effectively communicate your policy ideas, then maybe politcs is not the career for you. I find it amazing she has got as far as she has.
She knew what she was doing and how the OBR WORKED disgraceful
If someone makes an enormous error, it usually comes from something deep within. Where there's hysteria, there's history. When she had power, she pushed aside the people that shared the voice of her 'parents', the people that would criticise her and say her budget and vision were wrong - she stuck to her error, because admitting the mistake would be criticising herself, in turn, admitting her parents were right.
Her parents are very clever, her dad a mathematician, they have often criticised her career and political vision. She wanted to prove to them she can be right. She now blames other people for not letting her play out her vision. Sadly, her neurotic child-parent relationship almost crashed the economy. Thanks to Monocle Radio Sunday 5/2/23 edition for that insight.
Or maybe she just colluded with kwackers short selling the £ so his and her mates could make a few quid.
@@dwayne_dibley Well, I know I did, it was an awesome time to trade! Every time she spoke the £ dropped against the $.
Yep, just like with BoJo, the whole country is paying for their childhood complexes, narcissism and inability to grow up. 😢
Almost? No 'almost' about it. She crashed the economy. I like the rest of of your analysis though.
The actual outcomes of the OBR's predictions over the last ten years has shown that they were incorrect 85% of the time. I didn't vote for the OBR, I voted for a government that I assumed would gather forecasts and opinions from a variety of sources to then make their own decisions on the way forward. It is time to stop supporting the OBR with public funds; let their track record attract funders.....
How are the interviewers staying awake. This droning monotone is one of the worst things I have ever heard.
This lady has negative charisma. I literally fell asleep while listening to this.
Does she even deserve the hand-holding you're giving her through this interview? To treat her as a credible politician makes your magazine look foolish.
If she genuinely still believes in the miraculous power of lower taxes , she is even dumber than I thought.
The U.K. has had low taxes for decades, and investment has not materialised. The only thing that has materialised is an explosion of corporate profits and wealth extraction .
Growth needs good infrastructure in the wider sense of the word and skilled people. Cutting taxes and dismantling the public sector undermine both , as we are painfully experiencing on a daily basis.
Yeah what was she thinking! I hate having more money in my wallet to spend to stimulate the economy.
The more taxes I can pay the happier I am.
The government can then spaff half a trillion up the wall on their cretinous lockdown strategy then.
Or HS2!
Fuck lowering taxes,so we've got extra money to spend, especially in a cost of living crisis.... that's a mugs game, tax us all more damn you!
Come on Hunt you snivelling shit, we demand you tax us all more!
People can't afford their energy bills
Well, sharing a surname with a form of athletic support she sure has some balls.
Maybe she has 2 balls in the court
*gall
K. Balls is on her side though.